Form 4: Tetra Technologies Director Shawn D. Williams Acquires Restricted Stock Units

Director Shawn D. Williams acquired 26,551 restricted stock units in Tetra Technologies, Inc. on May 21, 2024, which will cliff vest on the one-year anniversary of the grant date.

Summary

• On May 21, 2024, Shawn D. Williams, a director of Tetra Technologies Inc., was granted 26,551 restricted stock units (RSUs).
• The RSUs were awarded under the company's Second Amended and Restated 2018 Equity Incentive Plan.
• The RSUs will cliff vest on the one-year anniversary of the grant date.
• Each RSU represents the contingent right to receive one share of Tetra Technologies' common stock once vested, as soon as practicable after the Reporting Person no longer serves as a director.
• The closing price of Tetra Technologies' common stock on the date of the RSU award was $4.07.
• Williams has elected to defer settlement of RSUs until a change in control of the Issuer or his separation of service from the Issuer.
• The Issuer may elect to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.

Sentiment

Score: 7

Explanation: The document indicates a standard equity grant to a director, which is generally viewed as a positive sign of aligning management interests with shareholders. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Risks

• The value of the RSUs is subject to the market price of Tetra Technologies' common stock.
• The Issuer may elect to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.

Future Outlook

The RSUs will vest on the one-year anniversary of the grant date, with settlement deferred until a change in control or separation of service. The Issuer may elect to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.

Industry Context

Equity compensation is a common practice in the industry to incentivize and retain key personnel. The specific terms of the RSU grant are tailored to Tetra Technologies' compensation strategy.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign of aligning director interests with long-term company performance.

Key Dates